https://www.taxtmi.com/caselaws?id=415166 The Tribunal held that the application under Section 9 of the Insolvency & Bankruptcy Code was not maintainable due to the enhanced minimum threshold requirement set by the Notification dated 24.03.2020. As the default amount was below the revised threshold of Rs. 1 crore, the application against the Corporate Debtor was dismissed, ruling that the criteria to trigger the Corporate Insolvency Resolution Process were not met. The issue of limitation was not further considered, and the application was deemed not maintainable under Section 4 of the IBC. en-us Tue, 16 Nov 2021 00:00:00 +0530 Mon, 29 Nov 2021 08:57:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415166 The Tribunal held that the application under Section 9 of the Insolvency & Bankruptcy Code was not maintainable due to the enhanced minimum threshold requirement set by the Notification dated 24.03.2020. As the default amount was below the revised threshold of Rs. 1 crore, the application against the Corporate Debtor was dismissed, ruling that the criteria to trigger the Corporate Insolvency Resolution Process were not met. The issue of limitation was not further considered, and the application was deemed not maintainable under Section 4 of the IBC. Case-Laws Insolvency and Bankruptcy Tue, 16 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415166